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Sensex Slips 93 Points in Early Deals on Profit-booking

Domestic equities opened lower after Thursday's rally with benchmark Sensex rising up 577 points on Thursday after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.

PTI

Updated:April 6, 2018, 11:48 AM IST
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Sensex Slips 93 Points in Early Deals on Profit-booking
File Photo.
Mumbai: The benchmark BSE Sensex lost over 93 points to 33,503.25 in early trade on Friday on profit-booking by participants, ignoring a firm trend at other Asian bourses.

The 30-share index fell 93.55 points, or 0.27 per cent, to 33,503.25 with sectoral indices, including metal, capital goods, IT, auto and teck, trading in the negative territory with losses up to 1.06 per cent.

Domestic equities opened lower after Thursday's rally with benchmark Sensex rising up 577 points on Thursday after the RBI kept the policy rate unchanged but said growth will rebound this fiscal amid softening inflation.

The 50-share NSE Nifty also shed 19.50 points, or 0.18 per cent, to 10,305.65.

Brokers said, selling by participants, mostly of a profit-booking nature, attributed the fall in select counters but a firm trend at other Asian markets, kept the fall limited.

The laggards were Tata Motors, Infosys, L&T, Axis Bank, SBI, Tata Steel, Hindustan Unilever, TCS, M&M, Wipro, Kotak Bank, Hero MotoCorp and Maruti Suzuki, falling up to 1.07 per cent.

Among other Asian markets, Japan's Nikkei rose 0.13 per cent while Hong Kong's Hang Seng gained 1.03 per cent in early trade on Friday.

The US Dow Jones Industrial Average closed 0.99 per cent higher in Thursday's trade.

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| Edited by: Ahona Sengupta
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